US: Chappellet Vineyard & Winery acquires Sonoma-Loeb
Chappellet Vineyard & Winery has announced that it has acquired fellow California winemaker Sonoma-Loeb for an undisclosed fee.
Sonoma-Loeb produces up to 9,000 cases of wine annually, including Sonoma County and Carneros Chardonnays and a Russian River Valley Pinot Noir. Family-owned Chappellet did not disclose financial details of the deal.
John Loeb, a former US ambassador to Denmark and current delegate to the United Nations, founded Sonoma-Loeb in 1973.
He approached Chappellet about a potential sale. "After a long and satisfying run in the wine industry, I am delighted that Chappellet has decided to buy the company, and along with our great winemaker, Phillip Corallo-Titus, carry on the Sonoma-Loeb tradition we have built together," he said today (28 April).
The deal will expand Chappellet's style. "Chappellet is a Napa Valley winery with a focus on Bordeaux varietals. Sonoma-Loeb makes Burgundian varietals from Sonoma County," said Chappellet owner and MD Cyril Chappellet.
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